Social Security and Private Savings: Complementary Roles

Source: Matthew Baumgart, Pamela Perun and Lisa Mensah, National Academy of Social Insurance, Social Security Brief No. 29, September 2008

From the summary:
Retirement policy debates often pit Social Security against private savings. Advocates of private savings often suggest that personal accounts are superior to Social Security and should replace the current retirement benefit program. Nearly all retirement policy experts agree, however, that both Social Security and private savings are needed for a financially safe and secure retirement.

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